Found this video on YouTube. It's an interview with our editor-in-chief, Paul Clolery, at the 2009 Blackbaud Conference on Nonprofits. Enjoy!
Showing posts with label Blackbaud. Show all posts
Showing posts with label Blackbaud. Show all posts
Wednesday, March 28, 2012
Tuesday, January 17, 2012
Big News: Blackbaud Purchases Convio
UPDATE: Here is a video from Blackbaud announcing the acquisition.
UPDATE 2: Updated the blog post with new information.
We had some big news break in the nonprofit sector this morning, as Charleston, S.C.-based Blackbaud announced the acquisition of rival software firm Convio of Austin, Texas, for $275 million.
The acquisition would give the combined organizations an annual revenue of $440 million, free cash flow of $66.5 million, and net debt of $240 million. Blackbaud will acquire all outstanding shares of Convio's common stock for $16 per share. The purchase is expected to finalized during the first quarter of this year.
Some things to note about the acquisition:
UPDATE 2: Updated the blog post with new information.
We had some big news break in the nonprofit sector this morning, as Charleston, S.C.-based Blackbaud announced the acquisition of rival software firm Convio of Austin, Texas, for $275 million.
The acquisition would give the combined organizations an annual revenue of $440 million, free cash flow of $66.5 million, and net debt of $240 million. Blackbaud will acquire all outstanding shares of Convio's common stock for $16 per share. The purchase is expected to finalized during the first quarter of this year.
Some things to note about the acquisition:
- According to Jane Eggers, senior vice president of products and marketing at Blackbaud, only a "small handful of people" at the organization knew the acquisition was happening.
- Executives at both firms had been talking about a deal for years, but the timing wasn't right up until a few months ago.
- Convio President and CEO Gene Austin will join Blackbaud in a leadership post. He will report to Blackbaud President and CEO Marc Chardon.
- There was no mention about the future of Convio co-founder Vinay Bhagat. Eggers told NPT that it wasn't something she could speak to before the deal closes.
- The deal will be structured as a cash tender offer followed by a merger.
- Blackbaud will finance the transaction through existing cash balance, expansion and extension of the company’s current debt facility, as well as newly issued syndicated debt.
Thursday, December 15, 2011
Online Giving On The Rise
Large nonprofit organizations led the way as online giving saw a significant surge, according to findings from The Blackbaud Index.
The Index, which is updated on the 15th of each month, showed that online giving was up more than 10 percent for the quarter ending in October while overall charitable giving increased more than 2 percent, all noticeable increases from the same three-month period in 2010. Larger nonprofits were the clear winners, as they saw a 16.6-percent surge in online giving. Let's give some love to the smaller nonprofits, though; they weren't too far behind with a 15.9-percent increase.
The only organizations to report declines of any kind were those in the environmental/animal welfare and healthcare sectors. Those two groups reported declines in overall giving of 4.2 and 2.3 percent, respectively. Environmental/animal welfare did see an increase in online giving, of 6.2 percent. Make sure to read the other findings over at The NonProfit Times.
The Index, which is updated on the 15th of each month, showed that online giving was up more than 10 percent for the quarter ending in October while overall charitable giving increased more than 2 percent, all noticeable increases from the same three-month period in 2010. Larger nonprofits were the clear winners, as they saw a 16.6-percent surge in online giving. Let's give some love to the smaller nonprofits, though; they weren't too far behind with a 15.9-percent increase.
The only organizations to report declines of any kind were those in the environmental/animal welfare and healthcare sectors. Those two groups reported declines in overall giving of 4.2 and 2.3 percent, respectively. Environmental/animal welfare did see an increase in online giving, of 6.2 percent. Make sure to read the other findings over at The NonProfit Times.
Wednesday, October 19, 2011
Blackbaud Study: Giving Impacted By Summer Doldrums
A quick glance at the new Blackbaud Index shows what would appear to be promising news. Overall charitable revenue grew 6.8 percent for the three months ending August 2011. In addition, online giving increased 6.1 percent during the same period. A closer look at the data reveals that the news isn't as pleasant as it seems.
As Chuck Longfield, creator of The Blackbaud Index, explains in a new article on The NonProfit Times, giving slowed down considerably during the month of August. This can be seen when the data is compared to what the Index showed in August 2010. For example, the increase of 6.1 percent in online giving doesn't seem as impressive when it is compared to the 17.2 percent increase in 2010.
“Not surprisingly, it appears that our country’s continuing economic problems are once again weigh on donors’ checkbooks,” said Longfield. “Our data illustrates the challenges most nonprofits are likely facing as they try to achieve sustainable, consistent growth.”
For the full story on this topic, visit our website at thenonprofittimes.com.
As Chuck Longfield, creator of The Blackbaud Index, explains in a new article on The NonProfit Times, giving slowed down considerably during the month of August. This can be seen when the data is compared to what the Index showed in August 2010. For example, the increase of 6.1 percent in online giving doesn't seem as impressive when it is compared to the 17.2 percent increase in 2010.
“Not surprisingly, it appears that our country’s continuing economic problems are once again weigh on donors’ checkbooks,” said Longfield. “Our data illustrates the challenges most nonprofits are likely facing as they try to achieve sustainable, consistent growth.”
For the full story on this topic, visit our website at thenonprofittimes.com.
Thursday, February 17, 2011
Nonprofit Giants Make Deals To Improve Donor Data
Three of the most prominent companies in the fundraising business are in the process of growing even further and providing more convincing evidence that data is king at the end of the day. Blackbaud, based in Charleston South Carolina, is a technology firm that markets financial and online fundraising software. The company spent $17.5 million to buy public interest data in Alexandria Virginia, which provides database management services, acquisition list services and data analytics and enrichment services for nonprofits. The Internet fundraising firm Convio, based in Austin Texas, announced that it will be spending at least $5 million in order to acquire Strategic One, an analytics predictive modeling and database marketing services company located in Kansas.
Strategic One touted itself in the innovative terminology of 'business intelligence', which refers to the collection, modeling and integration of fundraising and donor information. In each of these cases the companies agreed to pay as much as $2.5 million more depending on the relevant revenue objectives. In addition to these business developments, WealthEngine, based in Bethesda Maryland, a provider of wealth identification- and information-based fundraising solutions announced that it purchased and will put to use Oracle exit-data database machines. The upgrade is expected to dramatically improve the performance, user-friendliness and scalability of its wealth intelligence solutions. The financial information related to this deal has not been released.
Strategic One touted itself in the innovative terminology of 'business intelligence', which refers to the collection, modeling and integration of fundraising and donor information. In each of these cases the companies agreed to pay as much as $2.5 million more depending on the relevant revenue objectives. In addition to these business developments, WealthEngine, based in Bethesda Maryland, a provider of wealth identification- and information-based fundraising solutions announced that it purchased and will put to use Oracle exit-data database machines. The upgrade is expected to dramatically improve the performance, user-friendliness and scalability of its wealth intelligence solutions. The financial information related to this deal has not been released.
Subscribe to:
Posts (Atom)